GRBK vs SDHC: Correlation
How closely do Green Brick Partners, Inc. (GRBK) and Smith Douglas Homes Corp. (SDHC) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRBK and SDHC?
Over the past 3 years, GRBK and SDHC moved with a correlation of 0.64, which is strong. Recent behaviour matches the longer record: 0.62 over 1 year against 0.64 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1184.3 %².
By 3-year correlation, SDHC places #16 of the 27 assets tracked against GRBK. Their recent paths diverged sharply: over the last 12 months GRBK outperformed by 42.8 percentage points (+4.5% for GRBK against -38.3% for SDHC).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
GRBK vs SDHC: side by side
| GRBK (Green Brick Partners, Inc.) | SDHC (Smith Douglas Homes Corp.) | |
|---|---|---|
| 1-year return | +4.5% | -38.3% |
| 5-year return | +186.8% | n/a |
| Volatility (ann.) | 37.3% | 49.6% |
| Beta vs S&P 500 | 1.07 | 1.07 |
| Max drawdown (3Y) | -36.1% | -72.0% |
| Market cap | $3.1B | $0.1B |
| P/E (trailing) | 11.1 | 16.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRBK | SDHC |
|---|---|---|
| 2022 | -20.1% | – |
| 2023 | +114.4% | – |
| 2024 | +8.8% | – |
| 2025 | +10.9% | -34.6% |
| 2026 | +16.2% | -27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRBK and SDHC good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GRBK and SDHC?
The GRBK/SDHC correlation stands at 0.64 on a 3-year window (1 year: 0.62, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SDHC a good diversifier for GRBK?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/grbk-vs-sdhc.json
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Related comparisons
Hubs: GRBK correlations · SDHC correlations
